Using the analogy of a front and a back door, ASD’s Josh Kirschenbaum explains that while the U.S. Government has been assiduous in anti-money-laundering enforcement against banks, it has been lax in its AML enforcement against electronic payments companies, private investment funds, and, to a lesser extent, securities firms. Legislation for beneficial ownership disclosure is key to protecting the United States from the sort of multi-billion-dollar money laundering scandals currently roiling Europe.
Josh Kirschenbaum on Closing Illicit Finance Loopholes in The American Interest
August 19, 2019|
- October 19, 2020